Sorry DC… this isn’t the big one.

You know the definition of a slow DCTech news day? Every business day DCInno reports on everything that nobody needs to know in DC. Each day there is a feature called The Big One. Now I don't know about you but the big one to me means something.  It's like the earthquake that sinks half of California into the sea or the Heart Attack that ends a life. But not a pretend heart attack like this one from Sanford and Son: If you can't see the video link here. But according to DCInno, the big one on November 1, was an App that keeps you posted on the happy hour deals offered by bars. That's a cute little feature. Maybe Groupon could use it to delay their slow death. There are over 60,000 restaurants in the US and all of them are on yelp...

Executive Coaches Light Bulb Whoopass

World of #DCTech Update

Hi, #DCTech Mr. Sunshine here with a World of #DCTech Update. If you've been reading DCInno then you probably have no idea what's happening in the startup community in this town so it's time for a #DCTech update on what's really happening. Social Tables - The big news is a sweet exit for Social Tables. Congratulations Dan Berger on an exceptional job. The deal should certainly be labeled a win returning 7X to most investors. This investor is very happy. I'm sure the VCs are pleased and yet not ecstatic because the deal falls short of the 10X plus target of most investors. Yet as a #DCTech Update, this is a big win and a cash deal at that! This is a glass fully full as far as I'm concerned. Trackmaven - The Trackmaven "merger" on the other hand...

Andy Powers – Friend of Danny Boice & Fellow Criminal

On March 16, 2018, the Commonwealth of Virginia's State Corporation Commision (SCC) filed against Andrew Brent Powers (AKA Andy Powers) and his company Comunniclique (DBA CliqueAPI) alleging multiple violations of the Virginia Securities Act. On July 13 of that year, the courts found Andy Powers guilty of 108 violations of the Act. Powers was also was found guilty of failing to respond to a subpoena.  That basically means he's on the run and did not appear to defend himself. Originally CliqueAPI and Powers mounted an aggressive defense and then in April, Power's Attornies, The Aegis Law Group, filed (see filing) that they were withdrawing from counsel on this case. Did Powers run out of money to pay for representation or were his attorney's alarmed that he was not acting in good faith? It seems like from that time, Andy was non-responsive to the case. According to court records, Tom Bayly, a senior investigator with the SCC, Division of Securities and Retail Franchising testified that the Division received a complaint in the fall of 2016 from the accountant of one of  CommuniClique's (AKA Clique and Clique API) investors regarding several irregularities. Subsequent investigations found that Powers was reporting to prospective and existing investors in CommuniClique, that...

DCA Live Red Hot Not

Last week I noticed a posting from a friend about DCA Live on Twitter. It got me thinking, which is something I try to do every 10 years or so. What the hell is a DCA Live? Here's what I saw on Twitter: Awesome event! Congrats to the nominees!! Great list of top tech cos in DC!! — Tien Wong (@tienwong) July 10, 2018 Just wondering? What qualifies as a red hot company? If I started a company, April 2015, burned through $3 million and produced no product...

3Si Phony VC

Everyone Who Knows Anything, Knows 3Si Phony VC is a Sham. Well, everyone except the local tech rags. With them, when it comes to that "knowing" thing, there appears to be a problem. These Tech "journalists" either don't know much or don't care about sharing letting what they know to get in the way of a story on deadline. The problem in DC is that too many of the "journalists" at rags like Technically DC and DCInno simply reprint bullshit without doing research. So when they post an article like this one, "WeWork’s veterans-in-residence program expands to DC," by Technically DC or this one, "The 10 Entrepreneurs in WeWork’s First D.C. Veterans in Residence Program," by DCInno the damage the very ecosystem of which they claim to be supporters. I reached out to one, count them, one, of the listed "Team Members" on the 3Si Web Page to ask about his relationship with 3Si. His response, "I Read your 3Si expo. I’m unfortunately linked with them and can’t seem to distance myself. One of the comments you posted came from my client. I Also have a second client that 3Si attempted to screw." I'm no journalist, yet, in doing a modest amount of research I...

Amazon Schmamazon – DC Don’t Need No Stinkin Amazon HQ2

The DC Tech Scene is all a tizzy over the possibility that Amazon will open its second headquarters, or what all the cool kids are calling Amazon HQ2 somewhere in the DMV. For those of you who are living in a hefty bag, let me catch you up. In September 2017 Amazon announced it's intention to spend $5 billion in construction cost for a second headquarters that would employ 50,000 people somewhere in North America. They invited economic development authorities and local governments to join a beauty contest for the honor to host Amazon HQ2. On January 19th Amazon made their decision. Based on all the tax incentives and other corporate welfare offerings from all the bidding parties, Amazon narrowed their choices to 20 finalists from 17 major metropolitan areas. They are: The DC region has 3 bites at the 20 bite apple. Washington DC, Montgomery County, and Northern Virginia.  And all of a sudden the press went a flutter! Well, not the Journalists, let me rephrase that. The link baiters at DCInno and Technial.ly.dc better known as (Technically not Technically) all have Amazon fever. Well, folks, I'm not all aflutter...